Financial Services

Seven Nigerian banks generated a cumulative N132.45 billion from e-business operations in the first half of 2024, reflecting a significant...

Nigeria’s foreign exchange (FX) unification policy, implemented by the Central Bank of Nigeria (CBN) in June 2023, aimed to simplify...

A surge in fraudulent activities across banking platforms in Nigeria led to a loss of N42.6 billion by Nigerian banks...

The Central Bank of Nigeria (CBN) has released a new directive to Payment Service Providers (PSPs), requiring them to comply...

Stanbic IBTC Plc, the Nigerian unit of Standard Bank Group Ltd., expects the proposed windfall tax on foreign exchange gains...

Loan apps or digital money lenders, as the companies behind them are known, have become essential in Nigeria's informal economy...

Liberia’s Vice President, Jeremiah Kpan Koung, has said that Nigerians now own about half of Liberia's commercial banks. 

Tony Elumelu, Chairman of UBA Group, has said that high regulatory and compliance costs are placing undue pressure on banks

The Economic and Financial Crimes Commission (EFCC) is poised to take legal action against top executives in Nigeria’s banking sector...

Fintech companies including OPay, Moniepoint, and others have started notifying their customers of plans to begin deduction of N50 Electronic...